Netherlands in top 10 of Financial Development Report 2008
Wednesday, 24 September 2008
The World Economic Forum has launched its first Financial Development Report; a comprehensive analysis of financial systems and capital markets in 52 countries. The report explores the key drivers of financial system development and economic growth in developing and developed countries and serves as a tool with which countries can benchmark themselves and establish priorities for financial system improvement. The United States and the United Kingdom came out on top, as the Index looks beyond these countries’ current financial turmoil to discern fundamental strengths in their broader financial systems. The breadth of measures captured in the Index validate the collective strength of financial intermediaries in both countries, including banks, investment banks and insurance companies, as well as robust equity, bond and derivatives markets. Other countries in the Top 10 include Germany, Japan, Canada, France, Switzerland, Hong Kong SAR, Netherlands and Singapore.
